The history of credit cards is rich.
It goes back by over 138 years.
Provident Clothing Group introduced the first credit card product in the form of a voucher.
And now there are contactless credit cards, which not only prevent millions of more trees getting chopped around the world but also speed up transactions.
The first credit cards [were] introduced in the U.S. by oil companies and hotel chains. – Sainsbury’s Bank,
And according to CreditCards.com, there are 1.8 billion Mastercard and Visa debit cards in the world.
When did people begin utilizing plastic?
Find out below.
Infographic Source: Sainsbury’s Bank Blog